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Motives For anyone to start up a business they must have a motivation of some sort Without a strong motive for business creation an entrepreneur may quickly loose interest in the business venture Being an entrepreneur and starting up a business or company is an extremely hard task Motivation is a vital characteristic of anyone who is even considering going into business because they need to have a very strong goal for them to be able to cope well with the amounts of work At times they will feel like giving up and abandoning but if they have a good motivation they will look towards the future benefits of the hard work they are putting in and strive to succeed During an investigation of businesses in my local area I asked a range of entrepreneurs what their main motives for starting their own business or company was Their answers were varied However there were some motives that seemed to be more frequent than others such as Profit job satisfaction Freedom to make decisions creating a business by selling the by products of their hobbies and redundancy My investigation showed that the main reason for many individuals starting up a business is profit Profit or CAPITOL is an extremely important element to any business and generating lots of it is often a very appealing prospect A high amount of profit equals a high amount of income for the entrepreneurs and therefore enables them to have a good quality of life Most likely an entrepreneur will be looking to make more money than in hishers old job parents competitors etc However if the business makes a loss or the businesses profits are reduced the amount of income the entrepreneurs receive will also be reduced along with the standard of life the entrepreneurs has The determination not loose money and to provide for themselves and their families is what makes profit a major motivation for entrepreneurs Another
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